Wednesday, April 3, 2019

04 April 2019

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Gold



Gold steadied on Wednesday, supported by a dip in the dollar, while gains were capped by a rally in global stocks following reassuring economic data from the United States and China and optimism the two countries would strike a trade deal.


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Plan A : Attempt selling if gold price remain trading below 1297.4
Plan B : Cut above 1297.4
Plan C : Consider buying if gold price able to hold above 1286.4

Plan D : Cut below 1280.7

HSI/HSI Warrants

U.S. stocks edged higher on Wednesday, extending a strong start to the quarter as rising hopes of a trade deal with Beijing boosted investor sentiment.

Hong Kong stocks closed at near 10-month highs on Wednesday, aided by more evidence of economic recovery on the mainland and signs of progress in U.S.-China trade talks.

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Plan A : Above 30114, do nothing
Plan B : Below 29629, do nothing
Plan C : Attempt buying if market corrects and holds firm above 29844
Plan D : Cut below 29759
Plan E : Consider selling if market surges but fails to breach above 30131
Plan F : Cut above 30224


FKLI

FKLI steadily inching up yesterday as the market seems to be stamping its foot firm above 1632 and recovered previous losses well. However, the market is still weak if it could not rebounds to above 1656.

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Plan A : Attempt selling if FKLI rebounds but fails to breach above 1656.
Plan B : Cut above 1661
Plan C : Consider buying if only FKLI stays firm above 1643
Plan D : Cut below 1638


FCPO

FCPO gapped up and stayed stagnant for the rest of the day yesterday. Buyers were disappointed as it did not surge higher despite strong bean and dalian. Market could potentially face profit taking activities today if once again it fails to breach above 2185.

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Plan A : Sell if market fails to breach above 2185. Targets are 2177 and 2161
Plan B : Buy if market supported firmly above 2161. Targets are 2177 and 2185
Plan C : Above 2185, no fresh position
Plan D : Below 2161, no fresh position

Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice.As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment.

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